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Marketing Research And Planning For Your Business: THE PEOPLE or Target Market or Target Consumer

A guide introducing you to the basics of marketing and recommending which databases to use for effective research results.

WHO WILL WANT/NEED YOUR PRODUCT OR SERVICE?

Focus on a specific target consumer group, based on the following:

  • Consider age, gender, lifestyle, interest, geographic location,  etc., value sets, education, employment, income level, ethnic identity, brand loyalty
  • Consider psychographics: emotional and psychological motivations in purchase decisions
  • Explore influencing factors in buying or using a product or service.            
  • Is it price or location or brand loyalty or other reasons?
  • Who is using or buying competition?   

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DATABASES

  • ​​Statista -- Statista is the one-stop shop for valuable marketing information. Reports provide a range of statistics and facts about market, both local and global, which include market overview, international trade, and leading companies, as well as consumer preferences and industry revenues.

WHO WANTS ICE CREAM?

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